Ajax Mortgage Calculator

?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$1,520
$1,116
$952
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$6,475
$6,475
$6,475
$6,475
Total Cash Needed
=
$34,495
$59,091
$83,927
$107,975
First time home buyers in Ajax are eligible for a Land Transfer Tax rebate of up to $4,000

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Ajax Mortgage Calculator Examples

Prepare To Fall In Love With This Beautiful, End Unit Townhouse In Desirable North East Ajax Community. Filled With An Abundance Of Natural Light, This Spacious Dream Home Features Oak Staircase, 9 Ft Ceiling On Main And 2Nd Floor. Large Eat-In Kitchen With Stainless Steel Appliances, Granite Counter Tops, And Backsplash, Walk-Out Balcony From Kitchen, Perfect For The Barbecue, Gas Line Ready For Gas Stove / Barbecue.Nest Thermostat, Wifi Smart Garage Door Opener.**** Extras **** Steps To Shopping, Amenities, Transit & Restaurants. Mins To 407,401& Go Make This A Commuter's Dream Included: All Appliances, Light Fixtures, Window Coverings. Excluded: Curtains And Rods (Id:23934)
CALL1.877.896.6727
Property Price
$650,000
Minimum Down Payment (%)
6.15%
Minimum Down Payment ($)
$40,000
Mortgage Insurance ($)
$24,400
Mortgage Required ($)
$634,400
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,475
Mortgage Insurance PST
$1,952
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,927
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$48,927
Monthly Payment
$2,577
There's No Place Like Home! Nestled In North Ajax Finest Hamlet Community This Brick Home Is Overlooking Pond And Is Just Steps To Walking Trails. Interlock Front Walk-Way Leads You To Covered Porch. This Is The Largest Model Within The Community. Featuring Gleaming Hardwood Flrs, Open Concept Layout. Family Room Overlooking Kitchen Perfect For Entertaining. Stone Accent Gas Fireplace. Gourmet Kitchen With Granite Counters, Brkfst Bar, Backsplash,Gas Stove &**** Extras **** Walk Out To Lrg Deck. Enjoy Outdoor Living In Your Private Yard. Rod Iron Spindals Lead To 2Nd Floor With 3 Spacious Bdrms + Office Area Perfect For Those Working From Home. Master Retreat With Walk In Clst & Ensuite Bath. Close To All Ammen. (Id:23934)
CALL1.877.896.6727
Property Price
$748,998
Minimum Down Payment (%)
6.66%
Minimum Down Payment ($)
$49,900
Mortgage Insurance ($)
$27,964
Mortgage Required ($)
$727,062
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,455
Mortgage Insurance PST
$2,237
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$65,092
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$61,092
Monthly Payment
$2,954
Gorgeous *End Unit* Townhome With Approx **2100 Square Ft**; No Maintenance Fees; Extra Bedroom With 4 Piece En-Suite & Own Entrance-Use As In-Law Suite / Home Office; Large Open Concept Living / Dining Room With Walk-Out To Balcony; Updated Kitchen With Lots Of Counter Space, Built In Pantry, Stainless Steel Appls & 2Nd Balcony; Master With 4Pc En-Suite & Walk-In Closet; Access To Garage From Home; No Carpets; Walk To Public School, Drt Bus Stop, Park & Mins To Shopping, Walk In Clinic, 401 / 407 / 412**** Extras **** Existing Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Dishwasher, Stainless Steel Otr Microwave, Washer, Dryer, All Light Fixtures, All Window Coverings. Hot Water Tank- Rental. Exclude Stager's Items (Id:23934)
CALL1.877.896.6727
Property Price
$699,000
Minimum Down Payment (%)
6.42%
Minimum Down Payment ($)
$44,900
Mortgage Insurance ($)
$26,164
Mortgage Required ($)
$680,264
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,455
Mortgage Insurance PST
$2,093
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$58,948
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$54,948
Monthly Payment
$2,764
Show Quality 3 Bed / 3 Bath Home With Covered Front Porch + Basement Apartment In The Sought After Pickering Village. Spacious Mf Consists Of Lrg Living Dining+Family Room 2P Bath High Quality Chefs Kitchen With Breakfast Bar+Sitting Area Wall-To-Wall / O To Amazing Private Backyard. Upstairs Has 3 Lrg Bedrooms+2 Full Baths. Master Bedroom With 3P Ensuite Bath. Private Backyard With Interlock Patio + High End Jacuzzi Brand Hot Tub. This House Is Built For Entertaining! ** This Is A Linked Property.** **** Extras **** Bright Bsmnt Unit Has Separate Entrance At Side Of Home. Complete With Open Concept Kitchen Living Area Bedroom + 3P Bath + Separate Laundry. Rented For $1200 / Month To Month. Close To 401 Go Transit Etc See List Of Updates **View Video Tour** (Id:23934)
CALL1.877.896.6727
Property Price
$750,000
Minimum Down Payment (%)
6.67%
Minimum Down Payment ($)
$50,000
Mortgage Insurance ($)
$28,000
Mortgage Required ($)
$728,000
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,475
Mortgage Insurance PST
$2,240
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$65,215
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$61,215
Monthly Payment
$2,958
Fully Updated, In Desired Upscale Enclaved Of Nottingham, This Home Is On A Premium Corner Lot Sets On 86+ Front On South With Lots Of Sun Filled Wrapped Around Large Windows, Over 4000 Of Living Space. Interlock Back, And Front. Large Patio Door Look At Oasis Backyard Built-In Barbeque Stone Counter, 1600 Sqf Of Patio Stone, Lots Of Trees, 10 Ft Fence (Newer), 3 Tones Roof, 2016. Professionally Finished Basement With Full Kitchen, 3Pc Bath Theater Room, Aquarium.**** Extras **** Inc: 2 Fridges, 2 Stoves, Washer And Dryer, Dishwasher (Main Floor), Newer Furnace, Water Filtration System On Main Floor, All Wood Designer Kitchen. (Id:23934)
CALL1.877.896.6727
Property Price
$998,000
Minimum Down Payment (%)
7.49%
Minimum Down Payment ($)
$74,800
Mortgage Insurance ($)
$36,928
Mortgage Required ($)
$960,128
Best Mortgage Rate (%)
1.64%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$16,435
Mortgage Insurance PST
$2,954
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,689
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,689
Monthly Payment
$3,901

Mortgages In Ajax

Suburban life that exists outside the city of Toronto can easily be found in Ajax! At times confused with Pickering due to the two practically having no empty space between them, Ajax is a 'textbook suburbia' that encompasses golf courses, explorable conservation areas & parks (some with beaches), healthcare centres, abundant schools, amenities, and public transportation. The real estate opportunities here are at an all-time high (thanks to the growing economy), with various housing stock dwellings that can meet or exceed home buyers' expectations. A mortgage loan can be one financial solution for purchasing a new home here, and using an Ajax mortgage calculator can help. With new residential developments going up in the horizon, buyers will find that this city is more than a great investment, and using a mortgage calculator will help you to find out what your monthly payment would be on a specifically priced home. When a home listed on the MLS has your attention and you feel you are ready to move forward to approach a lender for a mortgage loan, make sure that you have taken stock of your finances, because you are about to dive into the mortgage market. Mortgage brokers are cunning & know this market well (a great ally to have in this crazily competitive sector).
Securing a mortgage loan for a home in Ajax is not going to be a problem when you have your finances in order (if you curiously used any other type of mortgage calculator, then you already know that lenders will dive deep into your financial history). Buying a home is not usually done on a whim, but some home buyers are not as prepared financially as they should be. Lenders look at credit history (did you manage to pay off any debts in a timely manner and in full), verifiable job/income tenure, is your down payment & closing costs saved or borrowed, do you possess assets, and so on. Sure, there are lenders out there that work with people for a mortgage loan that are not financially prepared or that have less-than-spotless credit ratings & debt, but these lenders will impose higher interest rates and additional fees to cover the higher risk. Mortgage loan lenders will not offer you the full scope of mortgage products if there is more risk involved, so if you had a hybrid mortgage on your mind as ideal for your finances (a split mortgage that uses both a variable rate mortgage and a fixed rate mortgage), you may be out of luck.